DP World сloses acquisition of Cosmos Agencia Marítima, Peru
Global trade enabler DP World, today announced the successful closing of the acquisition of Cosmos Agencia Marítima S.A.C. (CAM) in Peru, the company said in its press release.
On 18 March, DP World and Andino Investment Holding announced an agreement for DP World to acquire 100% of the shares of CAM , a leading fully integrated logistics provider in Peru, for $315.7 million. This also includes 100% of the shares in Triton Transports and Neptunia, and 50% in Terminales Portuarios Euroandinos S. A., in the Port of Paita, which is the second largest container terminal in Peru.
This transaction expands DP World’s footprint in Peru by adding another container terminal to the existing terminal at Callao as well as integrated logistics service s including warehousing, distribution and cargo handling to provide tailor made solutions to a range of industrial sectors in the country. Further, it also complements the first smart logistics centre in Lurin which is connected through optical fibres to Callao and delivers information to the port and customs enabling customers to manage the movement of their cargo using their own electronic devices and smartphones.